US Domestic Investment in Mining and Exploration

2 Comments on US Domestic Investment in Mining and Exploration

1. Very interesting graph and not very surprising. I like this far-ranging blog. I am an economic geologist–mining with almost 50 years in the business. I started just after the glory years of the 30’s to 60’s, and during the post-Vietnam economic slump. Except for a brief period in the late 70’s, and a gold rush by subsidized Canadians in the 80’s and 90’s, the saying “A geologist with a permanent job is one who goes to work with a lunchbox” has been very apt…until just now. These days, they won’t let me retire from my consulting business and the few mines we have can’t find enough technical staff. Management also doesn’t want to pay up yet. Why invest in mining here in the U.S. when it can take anywhere from 10 – 40 years of outflows to get some maybe cashflow?

   It’s also interesting to follow the gyrations in investment in first, lithium, then other “battery metals”, now “critical minerals” and “rare earths” in the last few years based on D.C.’s flavor of the day.

   More on the sad state of affairs in mining at http://cameronresources.com/

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2. Capitalism operates on an planned program of robbing everyone else’s minerals before consuming your own. And it despises competition

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